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4.8 AC Hospitality Property 419 S George Nigh Expy 135 Room Hotel Mcalester, OK 74501 $1,500,000 ($11,111/Room)
INVESTMENT HIGHLIGHTS
- Prime Location fronts US 69 just south of US Hwy 270
- 4,300 SF Restaurant, Leased w/30 day notice
- 133 Room Hotel w/Meeting Rooms
- Repurpose Opportunity for additional Retail/Multi-Family Development
EXECUTIVE SUMMARY
Located along a prime travel route to Texas, McAlester is poised for growth and expansion. This property is situated in the heart of the South McAlester retail/high traffic corridor that features a Walmart Supercenter, Harbor Freight, Lowes, McDonalds, Arby's, Wendy's, Subway and much more. McAlester boasts a new Amazon delivery station, the McAlester Army Ammunitions Plant, Kiamichi Technical Center, and many locally owned businesses and restaurants; there is also a Choctaw Casino.
Prime location! The sellers had DOT connections and were able to position the bypass exit off 69-S directly at their site; they are the FIRST business at the exit.
Seller acquired this property in 1994, lives on site with his family, and developed and expanded the improvements over the years. There are many options to repurpose this large tract; a nearby Motel 6 built apartments behind that lodging, and it filled with tenants immediately. The highest use of this property could include demolition to add 2-3 restaurants, with new apartment buildings behind. All public utilities - water, electricity, natural gas on site.
Consider the possibilities for this offering:
4 buildings, 61,470 SF on 4.8 acres
Original c 1960 motel, expanded to 82 rooms, with 29 rooms on 2nd floor, and 13 kitchen suites plus a 2- level, 4,500+ SF owner's quarters with 7 bedrooms, 4 full and 2 half baths, kitchen, laundry, living room, office, exercise room/den.
Single story building with 34 rooms, laundry and office area.
2-story hotel building at the rear was built in 2002 has 17 kitchen/bedroom suites.
Restaurant building, originally Pizza Inn. Separate utilities. Currently leased for $4,500/mo. Tenant wants to stay but agreed to month to month lease for maximum buyer flexibility.
Furniture, fixtures and equipment convey via separate bill of sale.
Zoning C-5
Public water, sewer, gas, electric on site
Note: McAlester is located on Native Indian Land; tax and development incentives could be available for Native-owned businesses.
Parcel ID#'s: 0100-00-462-002-0-002-00 and 0100-00-461-005-0-005-00
2025 Tax Assessment: $3,009,579 total
2025 Annual Taxes: $26,856 total
Sooner Realty Properties LLC
Brokerage lic # 146296
Managing Broker Kamlesh Aggarwal Lic 80557
Prime location! The sellers had DOT connections and were able to position the bypass exit off 69-S directly at their site; they are the FIRST business at the exit.
Seller acquired this property in 1994, lives on site with his family, and developed and expanded the improvements over the years. There are many options to repurpose this large tract; a nearby Motel 6 built apartments behind that lodging, and it filled with tenants immediately. The highest use of this property could include demolition to add 2-3 restaurants, with new apartment buildings behind. All public utilities - water, electricity, natural gas on site.
Consider the possibilities for this offering:
4 buildings, 61,470 SF on 4.8 acres
Original c 1960 motel, expanded to 82 rooms, with 29 rooms on 2nd floor, and 13 kitchen suites plus a 2- level, 4,500+ SF owner's quarters with 7 bedrooms, 4 full and 2 half baths, kitchen, laundry, living room, office, exercise room/den.
Single story building with 34 rooms, laundry and office area.
2-story hotel building at the rear was built in 2002 has 17 kitchen/bedroom suites.
Restaurant building, originally Pizza Inn. Separate utilities. Currently leased for $4,500/mo. Tenant wants to stay but agreed to month to month lease for maximum buyer flexibility.
Furniture, fixtures and equipment convey via separate bill of sale.
Zoning C-5
Public water, sewer, gas, electric on site
Note: McAlester is located on Native Indian Land; tax and development incentives could be available for Native-owned businesses.
Parcel ID#'s: 0100-00-462-002-0-002-00 and 0100-00-461-005-0-005-00
2025 Tax Assessment: $3,009,579 total
2025 Annual Taxes: $26,856 total
Sooner Realty Properties LLC
Brokerage lic # 146296
Managing Broker Kamlesh Aggarwal Lic 80557
PROPERTY FACTS
| Price | $1,500,000 | Building Size | 61,470 SF |
| Price Per Room | $11,111 | No. Rooms | 135 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1994 |
| Property Subtype | Hotel | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 4.80 AC | ||
| Zoning | C-5 - Commercial | ||
| Price | $1,500,000 |
| Price Per Room | $11,111 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.80 AC |
| Building Size | 61,470 SF |
| No. Rooms | 135 |
| No. Stories | 2 |
| Year Built | 1994 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Exterior |
| Zoning | C-5 - Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 135 | $56.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $205,638 | |
| Land Assessment | $100,621 | Total Assessment | $306,259 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$100,621
Improvements Assessment
$205,638
Total Assessment
$306,259
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4.8 AC Hospitality Property | 419 S George Nigh Expy
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